Member 5246


HP seals EDS deal for $12.6 billion (Reuters)

14-05-2008 02h20
Reuters - Hewlett-Packard Co plans to buy technology outsourcing company Electronic Data Systems Corp to better compete against IBM , but Wall Street questioned whether the $12.6 billion deal for a slow-growing company was overpriced.

Oil price, financials weigh on Dow; techs flat (Reuters)

14-05-2008 03h37
Reuters - Stocks declined on Tuesday as oil rose to another record, underscoring concerns about inflation, and the Federal Reserve chairman said financial markets are still troubled.

Icahn mulls Yahoo proxy fight: report (Reuters)

14-05-2008 03h25
Reuters - Billionaire investor Carl Icahn is considering launching a proxy fight at Yahoo Inc , CNBC reported on Tuesday.

Retail sales firm outside auto sector (Reuters)

14-05-2008 02h35
Reuters - Retail sales weakened modestly in April, but outside the hard-pressed auto sector they were more resilient than many economists had forecast, a government report showed on Tuesday.

GM faces Thursday strike deadline at Ohio plant (Reuters)

14-05-2008 03h27
Reuters - Union workers at a General Motors Corp metal stamping plant in Ohio have set a Thursday deadline for reaching a local contract or walking out on strike, a spokesman for the automaker said on Tuesday.

Economic jolt from China's quake seen as limited (AP)

14-05-2008 03h05
AP - The earthquake that ripped through central China's Sichuan province, killing thousands, crumpling roads and factories and disrupting power and communication, will be only a transitory jolt for the booming economy, analysts say.

French bank Credit Agricole seeks six billion euros after subprime losses (AFP)

13-05-2008 18h42
AFP - French banking giant Credit Agricole said Tuesday it is seeking 5.9 billion euros (9.2 billion dollar) in fresh cash from shareholders after reporting another 1.2 billion euros write-down due to the US subprime home loan crisis.
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